Posts Categorized: Blog

5 Remodeling Projects For Spring

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Now that the weather is beginning to warm up, it’s an opportune time to get going on those spring remodeling projects! Some TLC for your home may be just what it needs for a fresh feel and a step toward retaining its resale value. 1. Garage Door Replacement Your existing garage door may have dents… Read more »

Questions Banks, Credit Unions and Lenders Should Ask Prospective Appraisal Management Companies (AMCs)

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On a daily basis, I find myself having a conversation with someone – sometimes lenders, sometimes appraisers – who wants to share with me their experiences with appraisal management companies. More often than not, they are not good experiences. I usually respond that “AMCs have been painted with a broad brush, and it’s not necessarily… Read more »

Clean Up Your Energy Bill: 5 Energy-Saving Tips

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Many people take the time to spring clean their homes, reorganizing and cleaning for a fresh start for the warmer weather. Why not go ahead and clean up your energy-heavy habits as well? You don’t want to pay for energy you don’t really need. Electricity is a silent robber, jumping at the opportunity to take… Read more »

4 Ways to Make Your Company Extraordinary

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Everyone has a story. Sometimes we forget that piece of information when we’re doing business. We see people for the words and actions that relate to us or our business directly, but that’s only a fraction of their life. As March 1st is Employee Appreciation Day, Valuation Management Group spent the morning enjoying breakfast at… Read more »

Avoid Mortgage Fraud: Dos and Don’ts When Purchasing a Home

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In a quick search for “mortgage fraud” in Google News, the articles on page one were all published between February 14, 2013 and February 21 2013. That’s 10 different cases reported in one week. Interestingly, only 136 cases were opened by the FBI in fiscal year 2004. Mortgage fraud is a crime in which the intent… Read more »

Outside Factors Can Affect Your Home Appraisal

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The opening line of a recent article, Neighbors’ Effect on Appraisals, appearing in The NY Times Real Estate section says “You may be able to ignore the knee-high grass in your neighbor’s yard, but a home appraiser won’t.” Any factor outside the boundaries of a subject property, whether that factor be noise, pollution, unkempt neighboring… Read more »

Learn To Manage and Minimize Issues In The Appraisal Process

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The appraisal system is under constant scrutiny, with both sides of the equation having strong opinions. We found this broadcast by CNBC asking, “Is the appraisal system broken?”     John Brenan, from The Appraisal Foundation, and Melissa Cohn, from The Manhattan Mortgage Company seem to agree on a few issues. For one, the experience… Read more »

Yes, You Can Make A Difference On Your Real Estate Appraisal.

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Lately, articles are featuring stories about low appraisals. There is often a gap between what the homeowner feels their house is worth, and the value that the appraisal reports. The main issue with this situation is when the appraised value is too low to support the anticipated loan, causing many to fall through. The appraiser… Read more »

Appraisal Messaging Notification Further Understood

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VMG hosted webinars on January 23rd for residential appraisers, to highlight Fannie Mae’s implementation of Appraisal Messaging Notification, which went into effect Monday, January 28.  Several good questions were posed by appraisers in attendance. One of the questions received was “How does the panel feel the new requirements will impact the appraisal industry as a whole,… Read more »

January: National Radon Action Month

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Last year, over 20,000 deaths in the United States were caused by radon gas, according to the Center for Disease Control. Think this sounds like a lot? That’s more than carbon monoxide, fires, and drunk driving. Radon is a cancer-causing, radioactive gas that you can’t see, smell or taste. This makes it incredibly hidden and… Read more »